The FU Orionis type of variable star (FUor), V1057 Cygni, underwent a nova-like outburst in 1969-1970. Among the FUors, V1057 Cyg is notable for having the most dramatic post-maximum decrease in brightness. Thus, photometric monitoring of this object is important for interpretations of the cause of this event. Here, we study the behaviour of V1057 Cyg over the last 25 years on the basis of our optical and infrared observations. The optical and near-infrared observations of V1057 Cyg started in 1974, and we present all our data (up to the end of 2011), including 1085 and 167 nights of optical and infrared photometry, respectively. The UBVRIJHKLM light curves for 1985-2011 show that despite the increased photometric activity, after a rapid decrease in brightness in the mid-1990s, the average level of brightness remained practically constant. After the object becomes fainter than V 11.5 mag, a swerve appears in the track of the colour-magnitude diagram. The light variability shows a different periodicity in different spectral regions. We have discovered a period of 1631 ± 60 d in the BVR bands (1995-2011) and 523 ± 40 d in the RIJHK bands (2002-2011) with amplitudes of 0.5-0.3 mag. The 523-d period is presumably correlated with the changes in the radial velocity of an emission component in Li i. We conclude that the observed properties of the FUor star V1057 Cyg are in accordance with current models of FUors involving binary or multiple systems.